Which of the Following Statements About Business Statistics Is Not

question 118

Multiple Choice

Which of the following statements about business statistics is not true?

• A)Virtually every area of business uses statistics in decision making.
• B)Presenting business statistics always requires the use of a specific graph called a bar chart.
• C)There is a wide variety of uses and applications of statistics in business.
• D)Business statistics can be used to forecast future values and predict trends.

---

Definitions:

Restitution

The act of compensating for loss, damage, or injury caused; involves returning to the original state or compensating for loss.

Breach Of Contract

Neglecting to comply with any aspect of a contract, documented or verbal, without a lawful excuse.

Rescission

The legal act of cancelling or terminating a contract, returning the parties, as much as possible, to their positions prior to entering the agreement.

Rebuilt Transmission

A vehicle transmission that has been disassembled, inspected, repaired, and reassembled with new or refurbished components to meet original specifications.